<div style="float: left;">
		<img align="" alt="Photo: Bloomberg" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/02/full/1664677014-3298.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="BSE" width="620">
		<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px;">
		Photo: Bloomberg</div></div>

_media/bs/ado/article-speech/123051100116-1683799615633.mp3

CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise

<div>
	<strong>Stock market highlights:</strong> Benchmark indices settled with minor losses on Thursday as selling in Larsen and Toubro (L&T), Reliance Industries, ITC, and Bharti Airtel capped upside.</div>
<br />
<div>
	The S&P BSE Sensex ended at 61,905, down 36 points or 0.06 per cent. The Nifty50, on the other hand, closed at 18,297, down 18 points or 0.1 per cent.</div>
<br />
<div>
	In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise, while the BSE MidCap index added 0.35 per cent.&nbsp;</div>
<br />
<div>
	Among sectoral indices, the Nifty Pharma index was the biggest dragger, down 1.3 per cent. On the upside, the Nifty Bank index was up 0.4 per cent.</div>
<br />

Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%

Business Standard

Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5% | News on Markets - Business Standard

Wall St rushes to tech stocks overnight as US inflation softens

Good morning readers! Catch all the live market updates here with Business Standard

Catch all the live market updates here with Business Standard&nbsp;

Markets in consolidation phase; prudent to book profit now: Analysts

Thus far in fiscal 2023-24 (FY24), the S&amp;P BSE Sensex has moved up around 5 per cent to nearly 62,000 levels. The Nifty50 index, on the other hand, has gained 5.5 per cent to 18,300 levels, data shows. <a href="https://www.business-standard.com/markets/news/markets-in-consolidation-phase-prudent-to-book-profit-now-analysts-123051100573_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="markets" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680716245-8139.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="markets" /></div>
<br />

Larsen & Toubro dips 4% on profit booking post March quarter results

<div>
	Shares of Larsen &amp; Toubro (L&amp;T) dipped 4 per cent to Rs 2,270 on the BSE in Thursday&#39;s intra-day trade on profit booking after the engineering behemoth reported a 10 per cent rise in its consolidated net profit to Rs 3,987 crore for the March quarter (Q4FY23) compared to a profit of Rs 3,621 crore in the year-ago period. Revenue grew 10 per cent year-on-year (YoY) to Rs 58,335 crore. <a href="https://www.business-standard.com/markets/news/larsen-toubro-dips-4-on-profit-booking-post-march-quarter-results-123051100189_1.html" target="_blank"><strong>READ MORE</strong></a><br />
	<br />
	<div style="float: left;">
		<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683801179-5364.jpg?im=Resize=(640,480)" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="chart" /></div>
</div>
<div>
	&nbsp;&nbsp;</div>

Adani Group shares in focus on fund raising plan; Adani Enterprises gains 5%

The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others. <a href="https://www.business-standard.com/markets/news/adani-group-shares-in-focus-on-fund-raising-plan-adani-enterprises-up-4-123051100220_1.html?1683780222" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left;">
	<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683800979-366.jpg?im=Resize=(640,480)" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="chart" /></div>
<br />

ONDC to test Zomato's dominance; valuation mark-down likely: Analysts

Zomato may have to compromise on the margins whenever ONDC scales up. Its valuation multiples may see up to 15 per cent correction, analysts said. <a href="https://www.business-standard.com/markets/news/ondc-to-test-zomato-s-dominance-valuation-mark-down-likely-analysts-123051100339_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Zomato" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/hp/home-page/2021-07/22/full/1626962492-8996.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="Zomato" /></div>

Dr Reddy's Labs sinks 7% on disappointing Q4 operating performance

In Q4, the company&#39;s North America&#39;s revenue declined 17 per cent QoQ to Rs 2,530 crore, due to fluctuations in demand for new launches. <a href="https://www.business-standard.com/markets/news/dr-reddy-s-labs-sinks-7-on-disappointing-q4-operating-performance-123051100257_1.html?1683782647" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left;">
	<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683800689-3567.jpg?im=Resize=(640,480)" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="chart" /></div>
<br />

News Alert:: No question of filing insolvency, says Ajay Singh of SpiceJet

<div>
	SpiceJet has initiated the process of reviving its grounded fleet with the $50 million funds received by the airline from the government&#39;s Emergency Credit Line Guarantee Scheme (ECLGS) and internal cash accruals, the company informed BSE in a release.</div>
<div>
	&nbsp;</div>
<div>
	&quot;There is absolutely no question of filing for insolvency. Any rumour regarding the same is completely baseless. We are focussed firmly on reviving our grounded fleet and getting more and more planes back into the air. Work on this front has already begun and the Company is using the $50 million ECLGS funds and our own cash,&quot; said Ajay Singh, Chairman and Managing Director, SpiceJet.<br />
	<br />
	<div style="float: left;">
		<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683794872-0997.jpg?im=Resize=(640,480)" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="chart" /></div>
</div>
<br />

Earnings Alert:: Asian Paints Q4 net jumps 44%; stock up 1%

<div>
	Asian Paints today reported a 44 per cent growth in net profit at Rs 1,258.41 crore for the quarter ended March 2023 when compared with Rs 874.05 crore in the corresponding quarter a year ago. Revenue from operations grew by 11.5 per cent YoY to Rs 8,892.52 crore.<br />
	<br />
	<div style="float: left;">
		<img alt="chart" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683794375-0257.jpg?im=Resize=(640,480)" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="chart" /></div>
</div>
<br />

HG Infra hits new high on strong Q4 earnings; zooms 58% thus far in 2023

Given its healthy project pipeline, ICRA expects HGIEL to maintain a healthy revenue growth of ~18-20%, steady operating margins (~16%) and comfortable leverage and coverage indicators in FY24. <a href="https://www.business-standard.com/markets/news/hg-infra-hits-new-high-on-strong-q4-earnings-zooms-58-thus-far-in-cy23-123051100445_1.html?1683791561" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-01/06/full/1641410766-3021.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 449px;" title="market" /></div>
<br />

India to allow duty free imports of sunflower, soyoil until June

India on Thursday clarified that duty-free imports of soyoil and sunflower oil shipped before March 31 would be allowed until the end of June, after hundreds of thousands of cargoes were stuck at ports over confusion over import rules. <a href="https://www.business-standard.com/india-news/india-to-allow-duty-free-imports-of-sunflower-soyoil-until-june-123051100264_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Sunflower Oil" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/24/full/1653392702-2963.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Sunflower Oil" width="620" /></div>
<br />

Zomato may have to compromise on the margins whenever ONDC scales up. Its valuation multiples may see up to 15 per cent correction, analysts said. <a href="https://www.business-standard.com/markets/news/ondc-to-test-zomato-s-dominance-valuation-mark-down-likely-analysts-123051100339_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="ONDC" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/07/full/1683480201-5693.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="ONDC" /></div>
<br />

Gujarat Gas surges 6% on healthy Q4 results, turnaround in sales volume

The company&#39;s long-term volume growth prospects remain robust with the addition of new industrial units, and expansion of existing units, said Motilal Oswal Financial Services. <a href="https://www.business-standard.com/markets/news/gujarat-gas-surges-6-on-healthy-march-quarter-results-123051100337_1.html?1683786811" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Gujarat Gas" class="imgCont" height="285" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-03/24/full/1490376136-8162.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Gujarat Gas" width="380" /></div>
<br />

MSCI rejig: Adani Transmission, Adani Total Gas may see outflow of $206 mn

Shares of Adani Transmission and Adani Total Gas had hit their respective lower circuit filter of 5 per cent on Monday, after MSCI said it would reduce their weights in its indices. <a href="https://www.business-standard.com/markets/news/msci-rejig-adani-transmission-adani-total-gas-may-see-outflow-of-206-mn-123051100304_1.html?1683786091" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Adani" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/01/full/1680350990-7504.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Adani" /></div>
<br />

Sagar Cements rallies 4% after total income climbs 59% YoY in Q4

Sagar Cements has reported a consolidated net profit after tax of Rs 97.98 crore for Q4FY23 as against a loss of Rs 19.15 crore last year. The company&#39;s consolidated total income stood at Rs 802.58 crore, up around 59 per cent on year.<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="347" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683785646-2632.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="537" /></div>
<br />

GCPL up 1% after it posted 24.5% YoY PAT in Q4FY23

The FMCG company posted a profit after tax (PAT) of Rs 452 crore for the March quarter, up 24.5 per cent as compared to Rs 363 crore in the year-ago period. Revenue grew 9 per cent YoY, while Ebitda jumped 37 per cent.&nbsp;<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="345" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683784803-4322.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="530" /></div>
<br />

PSU Banks upbeat in trade: Central Bank, UCO Bank rise up to 2%

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16837840424525.png

In Q4, the company&#39;s North America&#39;s revenue declined 17 per cent QoQ to Rs 2,530 crore, due to fluctuations in demand for new launches. <a href="https://www.business-standard.com/markets/news/dr-reddy-s-labs-sinks-7-on-disappointing-q4-operating-performance-123051100257_1.html?1683782647" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Dr Reddy's" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/22/full/1653236018-1419.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Dr Reddy's" width="620" /></div>
<br />

NCLAT to hear SMBC Aviation's plea against NCLT order on Go First today

The National Company Law Appellate Tribunal (NCLAT) will today hear the plea filed by aircraft lessor SMBC Aviation Capital Ltd challenging the National Company Law Tribunal&#39;s (NCLT) order allowing the insolvency of Go First. <a href="https://www.business-standard.com/companies/news/nclat-to-hear-smbc-aviation-s-plea-against-nclt-order-on-go-first-today-123051100222_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Go First" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-07/19/full/1658243055-3588.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Go First" width="620" /></div>
<br />

Gold price rises Rs 280 to Rs 62,130, silver falls Rs 100 to Rs 78,000

Gold price rises Rs 280 to Rs 62,130, silver falls Rs 100 to Rs 78,000. <a href="https://www.business-standard.com/markets/commodities/gold-price-rises-rs-280-to-rs-62-130-silver-falls-rs-100-to-rs-78-000-123051100130_1.html?1683781353" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Gold" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-11/01/full/1667282568-4041.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Gold" width="620" /></div>
<br />

Vodafone Idea expected to come up with revival plan within a month: Report

In an interview, telecom secretary K Rajaraman said that the return of Kumar Mangalam Birla, chairman of Aditya Birla group, to the board of the ailing telco is a &#39;positive step&#39; <a href="https://www.business-standard.com/companies/news/vodafone-idea-expected-to-come-up-with-revival-plan-within-a-month-report-123051100138_1.html?1683781178" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Vodafone Idea" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-07/26/full/1627320318-2485.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Vodafone Idea" width="620" /></div>
<br />

Adani Group shares in focus on fund raising plan; Adani Enterprises up 4%

The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others. <a href="https://www.business-standard.com/markets/news/adani-group-shares-in-focus-on-fund-raising-plan-adani-enterprises-up-4-123051100220_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Adani Group, Adani" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/30/full/1680150976-9586.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Adani Group, Adani" /></div>
<br />

Varun Beverages maintains strong growth trajectory in March quarter

The stock of Varun Beverages (VBL) was up 6.8 per cent in trade on Wednesday after a strong March quarter (Q4) performance, robust outlook and revision in profit estimates going ahead. <a href="https://www.business-standard.com/markets/news/varun-beverages-maintains-strong-growth-trajectory-in-march-quarter-123051100183_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Varun Beverages" class="imgCont" height="480" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-01/01/full/1546320860-9359.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Varun Beverages" width="620" /></div>
<br />

In the past one year, L&amp;T has rallied 45 per cent, as against nearly 15 per cent gain in the S&amp;P BSE Sensex. <a href="https://www.business-standard.com/markets/news/larsen-toubro-dips-4-on-profit-booking-post-march-quarter-results-123051100189_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Larsen &amp; Toubro" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-08/06/full/1533539639-9282.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Larsen &amp; Toubro" width="620" /></div>
<br />

Gujarat Gas soars 5% after board declares Rs 6.6 per share dividend

City gas distributer, Gujarat Gas&#39;, Q4FY23 standalone net profit fell by 16 per cent to Rs 369 crore, compared to Rs 444 crore in the corresponding period last year.&nbsp;Revenue from operations for the January-March quarter came in at Rs 4,073.82 crore, down 14 per cent year-on-year. The board has declared a dividend of Rs 6.65 per share.&nbsp;<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="350" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683778904-2374.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="536" /></div>
<br />

Rail Vikas Nigam rallies 4% after it receives LoA for Mumbai Metro Line 2B

Rail Vikas Nigam Limited (RVNL) has received Letter of Acceptance (LOA) from Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro line 2B.<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="345" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683778619-351.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="535" /></div>
<br />

Jindal Stainless rises 1% after board approves to raise funds via debt securities

The Board of Directors of Jindal Stainless will be held on Wednesday, May 17, to consider and approve financial results for Q4FY23, and give in-principle approval to raise funds by way of issue of debt securities through private placement or any other method.<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="353" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683778415-9036.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="538" /></div>
<br />

Sanofi India up 1% after board approved to demerge consumer health business

Sanofi India&#39;s board has approved the arrangement to demerge its consumer health business into a wholly owned subsidiary - Sanofi Consumer Healthcare India Ltd (SCHIL) - to &#39;unlock and maximize&#39; its business potential in pharmaceuticals and consumer healthcare.<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="345" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683778289-0976.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="536" /></div>
<br />

KPI Green surges 2% after it bags new order of 35 MW capacity solar power plant

The company as received a new order of 35 MW capacity Solar Power Plant under Captive Power Producer (CPP) Segment, in lieu of the previous order of 33 MW capacity Solar Power Plant under CPP Segment.<br />
<div style="float: left;">
	<img align="left" alt="chart" class="imgCont" height="350" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-05/11/full/1683778116-1378.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="538" /></div>
<br />

Shares of IT, Bank upbeat; pharma declines

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16837776606559.png

Broader indices outperform benchmark; India VIX eases marginally

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16837773463749.png

OPENING BELL: Sensex opens above 62,050 levels, up over 100 points

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16837770095214.png

OPENING BELL: Nifty50 opens above 18,300 levels

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16837769213696.png

PRE-OPEN SESSION: Sensex advances over 250 points

PRE-OPEN SESSION: Nifty50 trades above 18,350, up over 50 pts

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16837762010815.png

Stocks to Watch on May 11: L&T, DRL, Adani Group, Asian Paints, Hero Moto

<div>
	<strong>Hero MotoCorp</strong>: Hero Electric and Okinawa Scooters, the two firms that allegedly didn&rsquo;t comply with localisation norms to claim subsidy under the FAME II scheme, have told the Centre that they have not breached any guidelines, according to a Business Standard report.&nbsp;<br />
	&nbsp;</div>
<div>
	<strong>KPI Green Energy</strong>: The company as received a new order of 35 MW capacity Solar Power Plant under Captive Power Producer (CPP) Segment, in lieu of the previous order of 33 MW capacity Solar Power Plant under CPP Segment.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Bajaj Electricals</strong>: A meeting of Board of Directors is scheduled on May 23 to consider and approve a proposal for raising of funds by way of issuance of securities on a private placement basis. The Board will also approve financial results for the March quarter of FY23 (Q4FY23) and dividend, if any. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-on-may-11-l-t-drl-adani-group-asian-paints-hero-moto-123051100118_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="trade" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-10/18/full/1508350647-5061.jpg?im=FeatureCrop,width=826,height=465" style="height: 338px; width: 600px;" /></a></div>

SGX Nifty hints at positive start for Nifty at 18,400

Adani Enterprises, Adani Transmission, Adani Green boards to meet May 13 to consider fund-raise

<div>
	The board of directors of Adani Enterprises, Adani Green Energy and Adani Transmission are meeting on May 13 to consider and approve the proposal of raising of funds by way of issuance equity shares or any other eligible securities.&nbsp;</div>

China April inflation up 0.1% YoY; slowest pace of increase since Feb 2021

<div>
	Estimates had accounted for a 0.3 per cent increase.</div>

US inflation rises 4.9% YoY in Apr, lowest in 2 years

US April CPI rose 4.9 per cent from a year-ago, but this was the first time it dipped below 5 per cent since April 2021. The CPI growth was below expectations.&nbsp;

Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%

CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise

Wall St rushes to tech stocks overnight as US inflation softens

Good morning readers! Catch all the live market updates here with Business Standard

Explore News